Which of the following is not an example of a compensating differential?

a. paying workers who do dull, boring work higher wages than workers who do fun, interesting work, all else equal
b. paying workers who work on the night shift higher wages than workers who work the day shift, all else equal
c. paying workers who do more dangerous work higher wages than workers who do less dangerous work, all else equal
d. paying workers with PhDs higher wages than workers with BAs, all else equal

d

Economics

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An expectation that encourages people to behave in a certain way

a. free enterprise b. traditional economy c. incentive d. safety net e. socialism

Economics

For Brent, the income effect of a wage increase is stronger than the substitution effect. In response to a wage increase, will Brent work more hours or will he work fewer hours?

Economics